This is correct, although, in some ways, I don’t exactly know what that means. They outsource everything now, including repairs. Almost no equipment manufacturer, including the high end, makes all their own parts. Recently, they closed down their Mass. offices and moved to NY. Now, by June, they are closing their New York offices and moving to the Midwest (I forgot where). They have also let go of many of their engineers. Apparently they want to either merge Mark Levenson home audio with Lexicon and Revel, or sell them. They probably want to keep the name for car stereos.

Classé still manufacture their products in house true they buy parts from others but still have manufacturing just like B&W.